In the cryptocurrency space, you need to find a way to earn 1 million as your principal first. The only way to grow from tens of thousands to 1 million is through rolling positions!

Operation Steps (Taking Bitcoin as an Example)

1. Initial Position Opening

Position Ratio: Do not exceed 10% of total funds for the first position (e.g., if you have 10,000 funds, the first position should be 1,000). Leverage + Selection: It is recommended to use 2-3 times leverage to avoid high leverage risks. Stop Loss + Settings: Strictly set a stop loss of 2%-3% (e.g., if the opening price is $10,000, the stop loss price is $9,800), ensuring that the loss for a single trade does not exceed 2% of total funds.

2. After Profit, Incrementally Add Positions +

Position Addition Conditions: Price rises by 5%-10% (adjust according to trend strength) and the trend is not broken. Position Addition Ratio: The amount added each time should be 30%-50% of current total profit (e.g., if the first position profits 2,000, add 600-1,000). Dynamic Stop Loss: After each addition, move the overall stop loss to the breakeven point (e.g., if the initial position cost is $10,000, after adding, the cost is $10,500, adjust the stop loss to $10,500).

3. Take Profit and Exit

Trend Continuation: If the trend continues, continue to add positions proportionally until reaching the target profit (e.g., doubling total funds) - Take Profit Signal: When an obvious top formation appears (e.g., long upper shadow, shrinking volume), or when breaking the trend line or key support level, close positions incrementally.

Key Points

1. Only roll long positions: Avoid counter-trend operations, the bull market cycle in the cryptocurrency space is longer, making it easier to capture upward trends.

2. Isolated Position Model: Use the exchange's "Isolated Margin +" model to isolate the risk of individual positions, avoiding total liquidation.

3. Leverage Limitation: Even if the trend is clear, leverage should not exceed 5 times to avoid extreme fluctuations leading to liquidation.

4. Emotional Management: Do not chase after missing position addition opportunities; wait for a pullback or the next trend signal.

Case Demonstration (Rolling Positions with 50,000 Principal)

1. Initial Position Opening: 50,000 principal, first investment of 5,000, using 3 times leverage to go long on Bitcoin (opening price $30,000).

2. First Profit: Bitcoin rises to $33,000 (+10%), profit of 3,000. Add 3,000 (total position 8,000).

3. Second Profit: Bitcoin rises to $36,000 (+20%), total profit 6,000. Add 3,000 (total position 11,000).

4. Trend Continuation: Repeat position additions until the target price (e.g., $40,000), with final profits potentially reaching 2-3 times the principal.